Activity-Based Management - An Overview (Technical …

Activity-Based Management and Activity-Based costing (ABM/ABC)have brought about radical change in cost Management has grown largely out of the work of the Texas-basedConsortium for Advanced Manufacturing-International (CAM-I). Nolonger is ABM s applicability limited to manufacturing principles and philosophies of Activity-Based thinking applyequally to service companies, government agencies and processindustries. The acronym itself has evolved from ABC to ABCM (activ-ity- based cost Management ) to ABM, and the application of ABCevolved from a manufacturing product costing orientation to a man-agement philosophy of activity Management applied in industries andorganisations other than manufacturing. Activity-Based costing and Activity-Based Management have beenaround for more than fifteen years.

The Chartered Institute of Management Accountants 63 Portland Place London W1B 1AB Tel: +44 (0)20 7637 2311 – Fax: +44 (0)20 7631 5309 ... provides a scorecard to report how well improvement efforts are working and is an integral port of continuous improvement. Accurate product/service cost (cost objects)

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